Weekly Deal Updates - June 2, 2025 (1)
Deal Meeting Date
Jun 2, 2025
Sponsor
Pond AI
ISO Week
63
Number of Deals
7
gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals.
FC does not provide investment advice. DYOR before investing.
In this newsletter:
- 💰New Deals💰
- 📰 Top News 📰
- 📈 Market Data 📉
🗞️ Sponsor 🗞️
Contact us if you would like to sponsor this newsletter.
🧠 🤖 Pond AI 🤖 🧠
Pond is a crypto-native AI model using graph deep learning trained with on-chain data to predict on-chain behaviors and streamline the development of AI-powered crypto-native applications in DeFi, social, trading, MEV, and security sectors.
The technical team brings extensive research and engineering experience from world-leading graph ML and AI companies, with over 40 publications in prestigious AI journals and conferences, including IEEE, Nature, Harvard Business Review, ICML, NeurIPS, CVPR, and PNAS. 🚀
💰 New Deals 💰
Want to learn more about a project? If we get enough votes on a deal, we'll set up an AMA. Look for the 🚀 in the forum post and place your vote.
New to Fight Club Discord? Head to #start-here to begin the onboarding process. Select the 🧐Prospective Investor role in #role-select to reveal the deal forum.
- 246 Club $1.5mm Seed SAFT
246 Club is developing a credit-yield conduit that sources and extends credit at scale to high-yield opportunities while capturing the spread. It provides re-lending for Aave lenders, enabling them to extend borrowing power to 246 Club, earning Aave’s base rate plus additional yield.
- JOA Games $1.5mm Pre-seed
JOA Games is building the infrastructure for the modern sports economy. They are turning games into powerful tools for capturing and activating global sports fandom. The platform uses interactive experiences to unify fragmented fanbases and convert passion into real-time, cross-platform monetizable data. JOA is live with the UFC, and in advanced discussions with One Championship and WWE.
- Runes DEX $1.5mm SAFE + Token Warrant
Runes DEX aims to be the first AMM-based decentralized exchange on Bitcoin Layer 1. It enables seamless BTC Runes swaps through open liquidity pools. Liquidity providers earn 1.6% from each swap. The platform serves as a foundational component of the runes.network ecosystem, focused on building native BTC-Fi infrastructure.
- Flexpool $200k Pre-seed SAFT
Flexpool is a lending platform that enhances yield farming strategies by enabling users to borrow against their liquidity on DEXs. It offers up to 5x leverage and intuitive liquidity management for optimized returns.
- Aura x Capital $850k SAFE
Aura x Capital aims to build the first algorithmic trading platform on a Hybrid Exchange, designed to automate customers’ trading decisions. It offers an easy-to-learn interface that merges CEX and DEX liquidity to onboard a “tap-to-earn” audience through algorithmic trading tools.
- DashFun $2mm Private SAFT
DashFun is democratizing game development through AI and breaking the traditional monopoly of gaming by introducing the economics of Web3. Designed for mass adoption, its platform supports the Telegram Mini App, Line, Kakao, Android and iOS apps, and all mobile browsers.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- ⛓️ Ethereum refactors itself for Glamsterdam hard fork - The Ethereum Foundation’s newly-formed Protocol division — leaner, led by EF veterans — sets the stage for the chain’s next major hard fork.
- 💸 JPMorgan to offer crypto ETF financing, considers letting clients use crypto as loan collateral: report - The bank will include a wealth-management client’s crypto holdings when assessing their total net worth and liquid assets when determining the amount a client can borrow against their assets, Bloomberg reports.
- 🇭🇰 Hong Kong to permit crypto derivatives for professional investors: Report - Hong Kong reportedly plans to permit crypto derivatives for professional investors and expand its fintech ecosystem.
- ⚖️ CLARITY Act faces turbulence as Trump's crypto ventures draw scrutiny during House hearing - Some Democrats at a House Financial Services Committee hearing raised issues with Trump’s involvement in crypto.
- 🏦 South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon - Lee vowed to allow local adoption of spot crypto ETFs and establish a Korean won-pegged stablecoin market.
- 🛍️ Robinhood completes $200 million acquisition of crypto exchange Bitstamp - The acquisition helps Robinhood expand outside the U.S., accessing Bitstamp’s customers across the EU, UK, and Asia.
- 💵 Peter Thiel's Founders Fund co-leads $8 million Series A for Base-based derivatives exchange Avantis - The Base-based protocol lets users trade crypto and real-world assets like gold and forex onchain with leverage.
- 🤑 Paradigm leads $5 million seed round in crypto credit startup 3Jane - 3Jane wants to build “out the first credit-based money market.”
- 🔐 Vitalik Buterin Uses Privacy Tool Railgun Again, Signaling Ongoing Embrace of On-Chain Anonymity - Railgun's RAIL token has spiked 15% higher after Ethereum co-founder Vitalik Buterin transferred over $2.6 million in crypto using the privacy protocol.
- 💰 Pump.fun plans $1B token sale at $4B valuation: Sources - The potential $4 billion token valuation would mint pump.fun as crypto’s latest unicorn startup after a year in which it helped ignite a memecoin frenzy.
- 📈 Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy - The company has $72 billion in cash on its balance sheet, but barely any of the 5 billion shares that voted were in favor of adding bitcoin.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | May 28, 2025 | June 3, 2025 | % Change |
| BTC | $107,838 | $104,813 | -2.8% |
| ETH | $2,676.27 | $2,610.34 | -2.5% |
| BNB | $687.63 | $663.70 | -3.5% |
| SOL | $172.12 | $153.53 | -10.8% |
| XRP | $2.27 | $2.20 | -3.1% |
Source: CoinGecko Closing Prices.
Significant Gainers and Losers
Criteria: 1) Volume (24h) > US$50,000; 2) Have gained or lost the most in the last 7 days.
- Active Gainers:
| Token | Price | % Price Change(7d) | Volume (24hr) |
| SPX6900 (SPX) | $1.17 | 9.88% | $85,672,791 |
| Hyperliquid (HYPE) | $35.39 | 3.96% | $277,955,637 |
| PAX Gold (PAXG) | $3,389.82 | 2.95% | $32,327,511 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Fartcoin (FARTCOIN) | $0.9283 | -28.97% | $204,497,146 |
| Virtuals Protocol (VIRTUAL) | $1.82 | -23.21% | $280,554,101 |
| DeXe (DEXE) | $9.63 | -22.75% | $54,245,554 |
Source: CoinMarketCap as of June 4th, 2025
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The index started at 72 (Greed), dropped early in the week to 50 (Neutral), then returned to the Greed zone, but slipped back to the Neutral zone again, ending at 57 (Neutral). This index is recalculated daily to reflect the market's emotional state, which can influence trading behaviors.
Source: Crypto Fear and Greed Index
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